The AUDUSD price reached few pips away from our waited target at 0.6500, to show some slight bullish bias and head towards potential test to the key resistance 0.6570, noticing that the EMA50 meets this resistance to add more strength to it, while stochastic loses its positive momentum clearly.
Therefore, these factors encourage us to suggest the bearish trend for the upcoming period conditioned by the price stability below 0.6570, noting that breaking 0.6500 will push the price towards 0.6450 followed by 0.6410 levels as next negative targets.
The expected trading range for today is between 0.6480 support and 0.6580 resistance
Trend forecast: Bearish
Origin: Economies
